Head Mounted Devices Market Size

Head-mounted Display Market size was over USD 10.95 billion in 2024 and is projected to reach USD 1.43 trillion by the end of 2037, growing at around 45.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of head-mounted display is evaluated at USD 14.92 billion.

The growth of the market can primarily be attributed to the skyrocketing adoption of AR and VR across the globe. For instance, more than 150 million people were observed to be using VR globally in 2018, while in 2020, approximately 50 million VR and 80 million AR users were stated to be living solely in the USA. Along with this, less cost of microdisplays, increasing demand for lightweight helmet mounted displays, and their portable nature drives the Head-mounted Display (HMD) Market growth.

Furthermore, the global market is further projected to grow on the back of the rising inclination of people toward the virtual world over the forecast period. Additionally, ongoing development in the gaming industry has spurred the demand for head mounted devices. Head mounted devices are basically small displays & devices that are mounted on a hat or helmet and integrated into eyewear. Such devices do not block the vision of the user but project a virtual image in the real world to be witnessed. For instance, the unit sale of VR head-mounted devices was estimated for mobile at about 70% and for PCs, it was projected to be around 22% in 2020.